6th of February 2012 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
6 February 2012 – 8:00 GMT
Monday

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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA

EURUSD BULLISH Resistance is at 1.3234 ahead of 1.3386. Support lies at 1.3026.

USDJPY BEARISH Two key supports are at 76.04 and 75.35. Resistance is at 77.15.

GBPUSD BULLISH Key resistance is at 1.5883, a break here would open 1.5947. Support lies at 1.5699.

USDCHF NEUTRAL Support lies at 0.9115 ahead of 0.9066, the Nov. 30 key low. Resistance is at 0.9250 ahead of 0.9339.

AUDUSD BULLISH Initial resistance is at 1.0794 ahead of 1.1007. Support lies at 1.0672.

USDCAD BEARISH Momentum is negative; focus is on 0.9892, a decline through this would signal scope for losses towards 0.9725. Resistance is at 1.0034.

EURCHF BEARISH Support lies at 1.2032 ahead of 1.2000 and resistance is at 1.2086.

EURGBP BEARISH Initial support lies at 0.8273 ahead of 0.8255. Resistance is at 0.8344.

EURJPY BULLISH Rally through 101.58 would open the key high of 102.54. Support is at 99.25.


SCHEDULE

Please visit our Economic Calendar for a for a schedule of market news and events: http://www.fibosignals.com/5585/calendar.html.

A. White
Analyst at Fibosignals.com

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